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[quote=Anonymous][quote=Anonymous]NP (and not a financial advisor).  It depends on your financial situation.   If it is simple - a tax advantaged retirement program and a taxable program, no RE, not a business owner, not a lot of money to donate/charity, not a big pot that you plan to give to your kids, etc, you don't need it no matter how much money you have.  KISS.

If you have one or more of the above though, it might make sense, especially to use [b]tax-advantaged strategies thta the masses don't know about and to find a few alt investments that can balance out a portfolio[/b].  But don't expect them to find the golden goose or to beat the market.  They won't.  [/quote]

Good points. But I would add that alternative investments like commodities and hedge funds don't usually live up to the hype. Even  strategies like factor based investing sound great, but tend to fail to deliver any type of meaningful benefit. The same thing goes for most tax-advantaged strategies. Everyone with a iphone has access to this info, so it's not exactly a secret. Financial advisors, much like academia, have a vested interest in making things confusing and are constantly coming up with new studies and tactics to justify their jobs. Today is a new day, and the biggest advantage rich people have is their capacity to take risk, not their access to superior investing products.[/quote]

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